ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
Q.Goods worth Rs.5000 destroyed in fire? Insurance claim 
received RS.4000 for the goods lost? Loss of Rs.1000 pass 
the entries in the books of accounts?
 Question Submitted By :: Meenaxi Kumari
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 1
1) GOODS LOSS BY FIRE A\C DR. 5000
TO GOODS A\C 5000

2) CASH A\C DR. 4000
LOSS A\C DR. 1000
TO GOODS A\C 5000
 
Is This Answer Correct ?    30 Yes 10 No
Himanshu Singhal
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 2
Bank/cash A/c Dr 4000
Drawings A/c Dr 1000
To goods A/c Cr. 5000
 
Is This Answer Correct ?    1 Yes 17 No
Mukesh
 
 
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 3
Inventory A/C Dr 5000
To Insurance clamied receved A/c 4000
To Loss of inentory A/C 1000
---------------------------------------------
 
Is This Answer Correct ?    3 Yes 9 No
Syedmazhar
[Mobilelink Tele Solutions]
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 4
p&l a/c dr.1000
cash/bank a/c dr.4000

To goods a/c cr. 5000
 
Is This Answer Correct ?    3 Yes 3 No
S K M
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 5
Loss by fire(Goods)A/C Dr. 5,000
To Goods A/C 5,000

(Being goods lost by fire)

P/L A/C Dr. 5,000
To Loss by fire(Goods)A/C 5,000

(Being loss t/fd to p/l a/c)

Bank A/c Dr. 4,000
To Insurance claim A/C 4,000
(Being insurance claim received)

Insurance Claim A/C Dr. 4,000
To P/L A/C 4,000
(Being insurance claim t/fd to P/L A/C)
 
Is This Answer Correct ?    4 Yes 1 No
Sonu
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 6
Loss by theft Account Dr 1000
Cash/Bank A/c Dr 4000
To Purchase Account 5000
 
Is This Answer Correct ?    0 Yes 2 No
Ranjit
 
  Re: Q.Goods worth Rs.5000 destroyed in fire? Insurance claim received RS.4000 for the goods lost? Loss of Rs.1000 pass the entries in the books of accounts?
Answer
# 7
Goods destroyed by fire a/c Dr 5000
To inventory a/c Cr 5000
(Being goods destroyed by fire)

Bank a/c Dr 4000
Loss on goods destroyed by fire Dr 1000
To goods destroyed by fire Cr 5000

Being insurence claim received
 
Is This Answer Correct ?    3 Yes 1 No
Nandish
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output Itís urgent for me. Genpact 11
Futures Bank-Of-America 2
WHAT IS SERVICE TAX Genpact 2
How can we explain what is an asset, consumable, stock, store item ? What are the essential differences?   2
what is Vat c-4 form why using ABC 5
wat is the golden rule of accounting Capital-IQ 12
what is accounting Redington 3
What is an asset, an expense, a liability, revenue and equity?   3
WHAT IS CRR, REPORATE, REVERSE REPO RATE FCI 1
Wat is the journal entry for credit sales with vat   5
what is market capitalisation and tell me the formula for that ????? Capital-IQ 4
Purchase returns? ACS 2
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright © 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com